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Post by disneyphile on Jan 9, 2009 20:30:40 GMT -5
Walt Disney Co. and the Shanghai municipal government have signed a project proposal that lays out the broad legal and financial framework for the U.S. entertainment giant to build its first mainland theme park, slated to open as early as 2014 at a cost of $3.59 billion. Under the proposal signed this week, Burbank, Calif.-based Disney would take a 43% equity stake in Shanghai Disneyland while a joint-venture holding company owned by the local government would own 57%, according to a person familiar with the terms. The first phase, about 1.5 square kilometers, would include a theme park, plus a hotel and shopping development, at a cost of up to 24.48 billion yuan, or $3.59 billion, built over six years. A mostly rural site near Shanghai's Pudong International Airport has been designated for the project. online.wsj.com/article/SB123152852355168823.html?mod=googlenews_wsj
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chris99
Pinocchio’s Conscience
Posts: 55
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Post by chris99 on Jan 10, 2009 20:35:31 GMT -5
I wish they would build a Disneyland in Australia
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